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As these millennials have grown into teenagers and young adults, they have effectively joined the consumer base of the economic system. Millennial consumers count on the businesses they cope with to not only have a strong social media presence but in addition to have the ability to partake in any customer service points by way of a readily responsive social media avenue.
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Harnessing the financial power behind the contemporary woman’s (and man’s) love of luxury handbags, accessories, and apparel, these corporations provide the most well liked runway appears to be like to prospects via renting and sometimes, outright promoting. Focusing on renting to shoppers, these corporations can lease luxury objects again and again to different customers (much like how a DVD is repeatedly rented to different customers) and easily eclipse the initial funding of the merchandise in no time.